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New programme to accelerate business action on the Sustainable Development Goals starts with 600 companies in 65 countries

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9 Feb 2021
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New programme to accelerate business action on the Sustainable Development Goals starts with 600 companies in 65 countries

New programme to accelerate business action on the Sustainable Development Goals starts with 600 companies in 65 countries

09 February 2021

A new programme focused on accelerating business performance on the Sustainable Development Goals (SDGs) starts this week engaging more than 600 companies in 65 countries with a combined annual revenue of US$1 trillion.

First announced last year by UN Secretary-General António Guterres at the World Economic Forum in Davos, SDG Ambition Accelerator is an initiative that challenges and supports participating companies of the UN Global Compact in setting ambitious corporate sustainability targets and accelerating the integration of the SDGs into core business management.

The SDG Ambition Accelerator Programme is a six-month learning journey for corporate executives being delivered through UN Global Compact Networks based in 30 countries. More than 1,150 representatives from participating companies, employing 7.9 million people, will join to assess current performance, risk areas, and new opportunities across their business. This will help companies take more ambitious business actions towards achieving the SDGs by 2030. Outcomes from the first round of the Accelerator will be presented at the annual UN Global Compact Leaders Summit on 15-16 June 2021.

The SDG Ambition Accelerator challenges and supports companies to:

  • Strategically prioritize sustainability issues where they can have the greatest impact through their operations, products and services, and across the value chain
  • Set ambitious goals and identify critical pathways to achieve them
  • Integrate SDG-related business goals and outcomes into core business management processes
  • Design technology systems to track progress on the goals across business units or functions

Sanda Ojiambo, CEO & Executive Director of UN Global Compact said: “By engaging hundreds of companies of all sizes and sectors from around the world, the UN Global Compact SDG Ambition Accelerator is working to mobilize a truly global movement of responsible enterprises to accelerate progress towards embedding sustainability into core business strategies and operations—not only for the benefit of society but for their own benefit as well.”

Research from Accenture Strategy and the UN Global Compact shows that despite private sector progress on the SDGs, only 21% of CEOs felt that business was playing a critical role in contributing towards the SDGs. Similarly, according to the UN Global Compact’s annual Progress Report, only 39% of companies believed they had targets ambitious enough to fully meet the SDGs.

Original source: UN Global Compact

SOURCE: DEVELOPMENT AID

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